International Assets Investment Management LLC Acquires 28,263,426 Shares of Invesco QQQ (NASDAQ:QQQ)

International Assets Investment Management LLC increased its holdings in Invesco QQQ (NASDAQ:QQQ) by 40,957.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 28,332,433 shares of the exchange traded fund’s stock after acquiring an additional 28,263,426 shares during the quarter. Invesco QQQ makes up 35.7% of International Assets Investment Management LLC’s portfolio, making the stock its biggest position. International Assets Investment Management LLC’s holdings in Invesco QQQ were worth $11,602,698,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Core Wealth Advisors Inc. raised its stake in Invesco QQQ by 33.3% during the third quarter. Core Wealth Advisors Inc. now owns 120 shares of the exchange traded fund’s stock valued at $43,000 after buying an additional 30 shares in the last quarter. Blume Capital Management Inc. raised its stake in Invesco QQQ by 104.0% during the third quarter. Blume Capital Management Inc. now owns 135 shares of the exchange traded fund’s stock valued at $48,000 after buying an additional 3,500 shares in the last quarter. Buck Wealth Strategies LLC raised its stake in Invesco QQQ by 71.4% during the third quarter. Buck Wealth Strategies LLC now owns 156 shares of the exchange traded fund’s stock valued at $56,000 after buying an additional 65 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC bought a new position in shares of Invesco QQQ during the third quarter valued at approximately $74,000. Finally, Farmers & Merchants Trust Co of Chambersburg PA grew its holdings in shares of Invesco QQQ by 123.0% during the fourth quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 223 shares of the exchange traded fund’s stock valued at $91,000 after purchasing an additional 123 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Up 1.3 %

NASDAQ:QQQ opened at $426.90 on Friday. The stock has a 50 day moving average of $436.56 and a 200-day moving average of $411.72. Invesco QQQ has a 52 week low of $315.11 and a 52 week high of $449.34.

Invesco QQQ Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Tuesday, March 19th were issued a dividend of $0.5735 per share. This represents a $2.29 annualized dividend and a dividend yield of 0.54%. The ex-dividend date of this dividend was Monday, March 18th.

About Invesco QQQ

PowerShares QQQ Trust, Series 1 is a unit investment trust that issues securities called Nasdaq-100 Index Tracking Stock. The Trust’s investment objective is to provide investment results that generally correspond to the price and yield performance of the Nasdaq-100 Index. The Trust provides investors with the opportunity to purchase units of beneficial interest in the Trust representing proportionate undivided interests in the portfolio of securities held by the Trust, which consists of substantially all of the securities, in substantially the same weighting, as the component securities of the Nasdaq-100 Index.